All Forum Posts by: James Barnes

If?....WHEN...you decide to not sign the easement. If he continues to do so then it’s lawyer time which costs $$ unfortunately. Not sure how big of a guy you are but you could do it the old fashioned way..which may end with you having to get a lawyer as well. He’s going to be angry because he made a dumb decision with his home (build a deck over his existing driveway). He’ll get over it.

Little too far for me. If anyone wants to do something further south(Waldorf-ish) I’m in.

DONT DO THE EASEMENT. If ones not already in place this could be a major headache in the future. Also, if you wanted to sell in the future, it could hurt your value, IMO. I.E. Two houses, basically the same, one with easement, one without ...which one would you take?

As always it’s hard to judge someone’s intention over the internet and how they’re using their words. I wasn’t in disagreement with raising the rent to market value. I get it’s a business and we’re here to make money. It sounded as if you were giving advice to him that says “ I’m raising the rent..if you don’t like them get your s*** and get out”. I was saying that approach probably isn’t a good one to lead off with(common sense). Would it come down to that if he doesn’t agree on the rent increase? Sure it would but I wouldn’t talk this way with the tenant right off the bat.

Did you decide on a broker yet?

SoMD here. 🤙

If the market rent is 550 and he’s paying 300 then hopefully you can find something simple such as the Zillow rentdometer(proof for the average citizen)that shows comps going somewhere between $400 and $700. That way you won’t be on the low end or the high end. He feels like he’s getting a good deal and you’re getting the rent you wanted all along. Win-win.

I was going though my threads and just saw that I may have resurrected a zombie thread lol. Anyways...how are my SOMD investor realtors doing?

What’s up Mike. Southern MD here as well. As you can see..some of us are “In da house “ Welcome to SoMD my friend!

Yes, treat your investments like a business and profits will come but there’s no reason to create unnecessary tension to a loyal tenant. Suurrree...go in there with an iron fist to a viable,reliable tenant and treat them like a product or a piece of property ...I’m sure they’ll be ecstatic to work with you in the future and will treat your property with respect 🙄. Find the middle ground...take no bull**** but also treat your tenants how you’d want to be treated. Blows my mind that some people forget one of the first things they learned in life.